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Depreciation rate

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(Querist)
21 March 2016 what is the depreciation rate of fan , water purifier , weighting machine , cctv camera ??????
is it 10% or 15 %
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Ankur Singhal

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Ankur Singhal (Expert)
21 March 2016 Dear
They all should be depreciated at10%.
And not at 15%.
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ADVOCATE NUSRAT

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ADVOCATE NUSRAT (Querist)
21 March 2016 u mean to say that they are falling under furniture & fixture , not under machinery????
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Ankur Singhal

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Ankur Singhal (Expert)
21 March 2016 Dear
They all are the electric fittings and not machinery.
Hence rate is 10% p.a for depreciation.
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 March 2016 In the normal course of business, all the items enlisted by you fall in 10% depreciation category. (For example water purifier in case of pure water supplying company and used as such may be regarded as machinery, but not otherwise)
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Ashish Bansal

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Ashish Bansal (Expert)
25 March 2016 In my opinion rate applicable for fan only shouldbe 10% and for all other iitems, it should be 15%.

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